Wakulla WTP

[wingman]

Hi, Thought some might be interested in some results from our Wakulla willingness to pay survey...was going to present at the nss/cds meeting but that fell through the cracks. We had over 150 completed surveys and the median willingness to pay for dives at Wakulla State Park were as follows:

Sally Ward: $74
Wakulla Cavern: $28.5
Wakulla Cave: $86.5

Those estimates are consensus estimates over two different model specifications. Have a lot of supplemental data and we are currently writing up a paper on wakulla and jb. To all those that completed a survey: Thanks. Bill Huth

[aainslie]

Hey Bill,

What did the distribution look like, and what was the profit maximizing price? I suppose that requires an assumption or information about variable cost per entry, but it'd be interesting to compute it.

Regards,

Andrew

[Sludge]

What did the distribution look like, and what was the profit maximizing price?

Forget all that, this is state property. What is the break even price?

My guess would be somewhere between free and a dollar.

[Cleric]

I guess the saying IS true... "A fool and his money..."

[SuPrBuGmAn]

Thanks for the follow up Bill

[jmaddox]

wow, thats a lot cheaper than an entire cave rig + scooter(s)

[OFG-1]

Well, as I said before:
I will gladly pay you Tuesday for a Uno dive today!

[Sludge]

Thanks for all your hard work, Bill!

[Ben M]

That's pricing for an annual pass right?

...and I noticed you slipped JB in there. Are you refering to Jackson Blue? Forgive my ignorance but what does this have to do with JB? Are they going to change the current system and fee structure?

Ben

[wingman]

Hey Bill,

What did the distribution look like, and what was the profit maximizing price? I suppose that requires an assumption or information about variable cost per entry, but it'd be interesting to compute it.

Regards,

Andrew

Hey Andrew, did nothing spectacular with the data just ran a standard logit model using the log of prices. Assumed a chi-square. Bill